As Apple’s stock price continues its roller coaster ride after topping $600 earlier this year, one industry watcher believes the stock is currently in the bargain bin. Apple can already lay claim to the most profitable quarter in history among technology companies, and Topeka Capital Markets analyst Brian White on Monday wrote in a note to clients that Apple is currently on track to record the most profitable year ever among publicly traded companies. “In CY12, we believe Apple is poised to generate the highest annual net income of any publicly traded company ever,” White wrote. Read the full story at Boy Genius Report.
About Shelly Palmer
Shelly Palmer is the Professor of Advanced Media in Residence at Syracuse University’s S.I. Newhouse School of Public Communications and CEO of The Palmer Group, a consulting practice that helps Fortune 500 companies with AI strategy, implementation and governance, as well as technology, media and marketing. Named one of LinkedIn’s Top Voices in Technology, he is a bestselling author, covers tech and business for Fox 5’s Good Day New York, is a regular commentator on CNN, and writes the popular daily business blog Think About This. Follow @shellypalmer or visit shellypalmer.com.